Subject:Ordinance
extending the City Impact Fee Waiver to September 30, 2013

Staff Recommendation:

Staff
recommends approval of the ordinance, which will extend the current impact fee
waiver through the end of the fiscal year, and allow for negotiation of impact
fees as part of an overall economic incentive package.

Analysis:

During
the Commission meeting of May 13, 2013, the Commission gave direction to staff
to bring forward an ordinance that would extend the impact fee waiver through
September 30, 2013 and concurrently establish a procedure for negotiation of
impact fees for significant economic development.

The
City Attorney has prepared the attached ordinance.In general, it contains the following
provisions:

Extends the impact fee waiver for
projects within the City Limits through September 30, 2013.

Establishes a new Section 2-246 of
the code of ordinances, which allows for the use of impact fees as an
economic development incentive.

Requires that any such use of
impact fees may only be part of a more comprehensive economic development
incentive package, not as a stand-alone incentive.

Options:

1.Adopt the ordinance as submitted; or,

2.Such alternative action as the Commission may
deem appropriate.

Fiscal Impact:

Although
the specific fiscal impact cannot be determined, this ordinance will allow the
city to continue to collect impact fees, beginning October 1, 2013 for the
funding of necessary capital improvements related to growth.The ordinance also allows impact fees to be a
part of an overall incentive package for economic development, which will have
the effect of enhancing our ability to compete effectively for significant
development.